Common use of Legality of Shares Clause in Contracts

Legality of Shares. The Shares have been duly and validly authorized and, when issued and delivered against payment therefor, will be validly issued, fully paid and nonassessable. The Shares, upon issuance, will not be subject to the preemptive rights of any shareholders of the Company. The Shares will conform to all statements with regard thereto in the Registration Statement and the Prospectus.

Legality of Shares. The Shares have been duly and validly authorized and, when issued or sold and delivered against payment therefortherefore as provided in this Agreement, will be validly issued, fully paid and nonassessable. The Shares, upon issuance, will not be subject to the preemptive rights of any shareholders of or contractual rights to purchase and the Companycertificates for the Shares will be valid and in proper legal form. The Shares will conform to all statements with regard thereto in the Registration Statement and the Prospectus.

Legality of Shares. The Shares have been duly and validly authorized and, when issued or sold and delivered against payment therefortherefor as provided in this Agreement, will be validly issued, fully paid and nonassessable. The Shares, upon issuance, will not be subject to the preemptive rights of any shareholders of the Company. The Shares will conform in all material respects to all statements with regard thereto in the Registration Statement and Memorandum. A sufficient number of shares of Common Stock of the ProspectusCompany has been reserved for issuance upon exercise of the Placement Agent's Warrants.

Legality of Shares. The Shares have been duly authorized by the Company and validly authorized and, conform to the descriptions thereof in the Registration Statement and in the Prospectus. The Shares when issued sold and delivered against payment thereforpaid for in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and nonassessable. The Shares, upon issuance, will not be subject to the nonassessable and free of preemptive rights of any shareholders of the Company. The Shares will conform to all statements with regard thereto in the Registration Statement and the Prospectusredemption rights.